End of year Realtor stats for the Charlottesville area

Here is my prediction, spun two ways –

15% of Realtors will choose not to renew their licenses.

or

85% of Charlottesville Realtors choose to persevere through 2008.

(I’m planning and planning to be one of them)

On January 3 2008, looking back at 2007:

– 168 Realtors had at least 10 transactions.
– 190 Realtors had at least 5 sides.
– 183 had only one side.
– Approximately 400 had zero transactions in 2007 (about 800 had at least one).

January 7 2007:

228 had at least 10 transactions.
407 had at least 5 transactions, or sides.
About 350 had zero transactions in 2006.

January 4 2006:

873 Realtors in the Charlottesville Area Association of Realtors had at least one “side” in 2005.
501 had at least 5 sides. Of the top 10 agents, 6 of those 10 sold primarily condo conversions or new construction.

**If one were to take out the agents that did primarily new construction or condo conversions, the numbers would be much different – the top 6 agents actually fall into this group.

The numbers of Realtors in the Charlottesville area is certain to decline in 2008. One simply cannot make a living on so few transactions per year.